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Apartment Vacancy Rates and Rents

Apartment Vacancy Rates and Rents

Private Apartments Units

North Perth

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Total
2015 24 102 212 44 382
2016 24 102 212 45 389
2017 24 104 236 45 409
Increase '15 to '17 0 2 24 1 27

Stratford

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Total
2015 34 776 1023 144 1977
2016 38 784 1037 145 2004
2017 33 783 1031 145 1992
Increase '15 to '17 -1 7 8 1 15

 

Vacancy Rates

North Perth

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Total
2015 4 (16.7%) 16 (15.3%) 11 (5.0%) 6 (12.7%) 36 (9.4%)
2016 1 (4.2%) 14 (13.9%) 10 (4.7%) 1 (2.3%) 27 (6.9%)

Stratford

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Total
2015 0 12 (1.6%) 38 (3.7%) 6 (4.5%) 57 (2.9%)
2016 0 20 (2.5%) 46 (4.4%) 1 (0.7%) 66 (3.3%)
2017   13 (1.7%) 18 (1.7%) 5 (3.6%) 36 (1.8%)

 

Private Apartments Average Rent

North Perth

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Average
2015 559 661 745 842 722
2016 630 674 752 842 733
Difference  71 13 7 0 11

Stratford

Year Bachelor 1 Bedroom 2 Bedrooms 3 Bedrooms Average
2015 571 708 855 996 803
2016 585 728 873 1010 822
2017 594 749 905 1069 847
Difference  23 41 50 73 44

 

Data Source

Canada Mortgage and Housing Corporation, Housing Market Information Portal (2017).

Measurement and Limitations

Shelter costs for rented dwellings - Includes all shelter expenses paid by households that rent their dwellings, such as the monthly rent and the costs of electricity, heat and municipal services.

Data for North Perth suppressed in 2017. 

CMHC does not provide this data for Huron County and the rest of Perth County.

Patterns and Trends

Vacancy rates in Stratford are very low, especially for small apartments. In North Perth it is the other way around: vacancy rates are highest for smaller apartments.

 
 
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